Calm has returned somewhat to the crypto market after the FTX crash. In the past 24 hours it was even extra quiet due to Thanksgiving in the US, which leads to very low trading volumes.
Nevertheless, we have a remarkably hard rise in the crypto top 10 today. Most other crypto prices, however, turn red, although it is not too deep. Total market capitalization is down 0.6% to $863 billion.
📈 Market Overview#BTC price trades above $16K
The Top-10 are traded in red zone: $MATIC -5.21%, $ETH -2.74%, $ADA -2.2%.
Market cap: $871B (-1.85%) $BTC dominance: 36.20% (+0.17%)
Fear & Greed Index: 20 (Extreme Fear)Full Report👉https://t.co/wbiA0f7kRi pic.twitter.com/Jg6jbJ0ksz
— CryptoRank Platform (@CryptoRank_io) November 25, 2022
Bitcoin back in the same range
Bitcoin (BTC) broke the new low of $15,500 and moved back into the area between $16,500 and $16,700. This morning, bitcoin dropped slightly below that, but seems to have found support around $16,400 for the time being. Bitcoin comes in at $14,470 at the time of writing, down 0.6% today. However, the selling pressure seems to be increasing.
In the last two bear trends, #Bitcoin reached a market bottom when the total supply of $BTC in loss surpassed 10,400,000 #BTC.
It currently stands at 10,272.00 $BTC. pic.twitter.com/tLEuU7QiE9
— Ali (@ali_charts) November 24, 2022
Ethereum price drops by 1.7%
Ethereum (ETH) is again falling slightly faster than bitcoin. The ether price rose above $1,200 yesterday, but has not yet managed to hold there and dipped to $1,175 this morning. At the time of writing, ETH is recovering to $1,180, but is still down 1.7% today.
Some charts with estimates on different min bid values for strikers using mev-boost.
A min bid of 0.05 would mean you produce nearly half the blocks yourself (very strong censorship resistance) but only sacrifice a tiny bit of profit. pic.twitter.com/wYa8Jim434
— vitalik.eth (@VitalikButerin) November 24, 2022
Cardano (ADA) is falling even harder today and is down 1.9% today at $0.312. Polkadot (DOT) and polygon (MATIC) are both down more than 3%. Dogecoin (DOGE) rose slightly this morning, is up 0.5% today and is at $0.82.
XRP price rises by 8%
Ripple (XRP) is the big exception today and is up no less than 8%. XRP held around USD 0.38 yesterday and then surged to USD 0.4, but initially struggled a bit. This morning, XRP broke through and hit a high of $0.418. At the time of writing, XRP is trading at $0.411.
While #cryptos are selling off left, right, and center, #XRP continues to show strength! And just look at that LunarCrush AltRank™ 🤩
24 hour activity:
Price +8.349% to $0.4139
Social volume 8,883
Social engagements 24,722,309👉 Insights: https://t.co/6ysNfByCfb $xrp pic.twitter.com/qGz9J15SFz
— LunarCrush (@LunarCrush) November 25, 2022
Huobi token rises by 9%
Yet XRP is not the fastest riser in the crypto top 100 today. That honor goes to huobi token (HT) from the crypto exchange of the same name. The HT price is up 9.2% today and just touched $5.85.
🚣 🇩🇲☀️🏖️💃🏻 https://t.co/Rk1oPJ8UAa
— Huobi (@HuobiGlobal) November 24, 2022
Most crypto colors red today
However, most other crypto from the top 100 turn red today. At the top of this list, we find litecoin (LTC), dash (DASH), maker (MKR), apecoin (APE), and chiliz (CHZ) all down nearly 5%. Synthetix (SNX) is even down by almost 6%, radix (RDX) by 7% and leo token (LEO) by 8%.
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